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ASCO is introducing a way of purchasing goods in the future
Small buyers, who previously couldn’t reach prices which big corporations with mass orders did will now be able to get same or even better prices for particular items with our system called PPSB – Purchase Power of Small Buyer(s).
How does the PPSB system works?
PPSB is a system which will enable ASCO E-commerce users to perform joint buy of desired items, which will enable the purchase in large quantities and at the lowest possible price.
In more detail, Merchant will open a pool via ASCO platform for an item and set necessary order quantity to provide a favorable price. Each user will have an option to participate in that pool by bidding ASCO tokens and when necessary quantity is reached pool will close and delivery takes place.
Current Shopping Process Example
Let’s say that John wants to buy 50m2 of fine high end Italian bathroom ceramic. The price is 120,00€ per m2. If you buy more than 100m2 price is 100,00€ per m2 and if you buy more than 500m2 the price is 80,00€ per m2.
Currently only big/medium companies can buy (and actually need) quantites over 500 m2 and therefore secure best available price at 80,00€ per m2, while John will have to settle for the price of 120,00€ per m2.
Now, let’s look at an example of our new PBSS shopping process.
John makes an account, buys ASCO tokens and finds the product online between merchants who work with ASCO. Because John doesn’t want to pay the full price he doesn’t buy the product right away but he places a bid in the pool among other ASCO users. When order is fulfilled pool closes and order is on its way to John and other buyers. So this way John achieved best possible price by using ASCO and our new PPSB (Purchase Power of Small Buyer) even though he is only ordering 50m2.